GOVERNMENT OF GRENADA & GRENADA HOTEL AND TOURISM ASSOCIATION
TO SIGN MEMORANDUM OF UNDERSTANDING
FOR JOB PRESERVATION

St. George’s, June 09, 2009 -- The Government of Grenada and the Grenada Hotel and Tourism Association (GHTA) will tomorrow, Wednesday June 10th 2009, sign a Memorandum of Understand (MOU) to preserve jobs in the hotel and tourism sector. The signing will take place at the Ministry of Finance Conference Room at 11:00 am.

This development is necessitated by the urgent need to provide emergency support to the Tourism industry due to lower arrivals on account of global economic crisis.

The MOU will provide a framework for additional tax relief and marketing support on condition that the hotels and guest houses avoid further lay offs.

This initiative is consistent with and forms part of the Social Protocol which is now being completed. The Protocol is an arrangement between all social partners to navigate this difficult period in Grenada.